Cloudflare, Inc. (NYSE:NET) COO Sells 18,955 Shares

Cloudflare, Inc. (NYSE:NET) COO Michelle Zatlyn sold 18,955 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $87.07, for a total value of $1,650,411.85. Following the transaction, the chief operating officer now owns 19,615 shares in the company, valued at $1,707,878.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Michelle Zatlyn also recently made the following trade(s):

• On Tuesday, April 16th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $89.69, for a total value of $2,299,651.60.
• On Friday, March 8th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $101.02, for a total value of $2,590,152.80.
• On Wednesday, March 6th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $97.96, for a total transaction of $2,511,694.40.
• On Tuesday, February 20th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $96.32, for a total transaction of $2,469,644.80.
• On Thursday, February 15th, Michelle Zatlyn sold 277,376 shares of Cloudflare stock. The shares were sold at an average price of $101.17, for a total transaction of $28,062,129.92.
• On Friday, January 19th, Michelle Zatlyn sold 12,820 shares of Cloudflare stock. The stock was sold at an average price of $78.68, for a total value of $1,008,677.60.

Cloudflare Trading Down 1.5 %

NYSE NET opened at $86.71 on Friday. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 1.68. Cloudflare, Inc. has a 12 month low of $39.90 and a 12 month high of $116.00. The stock has a 50-day simple moving average of $96.86 and a 200 day simple moving average of $81.63.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Cloudflare had a negative net margin of 14.19% and a negative return on equity of 15.92%. The business had revenue of $362.47 million during the quarter, compared to analyst estimates of $352.70 million. On average, analysts expect that Cloudflare, Inc. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Mizuho lowered their target price on Cloudflare from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday. KeyCorp raised their price objective on shares of Cloudflare from $94.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Needham & Company LLC boosted their target price on shares of Cloudflare from $110.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. DZ Bank downgraded shares of Cloudflare from a “buy” rating to a “hold” rating and set a $110.00 price target for the company. in a report on Tuesday, February 13th. Finally, Capital One Financial started coverage on shares of Cloudflare in a report on Wednesday, January 17th. They set an “equal weight” rating and a $83.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Cloudflare has an average rating of “Hold” and an average price target of $87.08.

Institutional Trading of Cloudflare

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Cloudflare by 595.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 238 shares during the period. Diversified Trust Co raised its holdings in shares of Cloudflare by 52.8% in the 1st quarter. Diversified Trust Co now owns 5,337 shares of the company’s stock worth $517,000 after purchasing an additional 1,845 shares during the period. 180 Wealth Advisors LLC purchased a new position in Cloudflare in the first quarter valued at approximately $205,000. Wealth Enhancement Advisory Services LLC grew its holdings in Cloudflare by 5.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,126 shares of the company’s stock valued at $2,046,000 after purchasing an additional 1,163 shares during the period. Finally, Riverview Trust Co purchased a new stake in Cloudflare in the first quarter worth $27,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.